Sole Proprietorship

You Can Now Register Your Company At Just 999 (All Inclusive)* Time line- 2 working days

The Traders and small manufactures are having only the GST registration, who are the sole Proprietor.

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Sole proprietorship - An Overview

Sole proprietorship is, one person, who owned and manage the business. Within 15 days are required to incorporate this type of company, so , to begin the most familiar type of business in the unsystematic sectors, mainly within the merchants and small traders. No need registration in the sole proprietorship, unless, get the some other registration such as GST registration. So they have the unlimited liabilities, and wouldn't have the perpetual existence.

How to Register

  • Step 1: Pick the Service: We help you to choose the right government for the registration.
  • Step 2: Verified Vendor: To file the application, we will connect the verified & experienced vendor with you.
  • Step 3: Till you get register the sole proprietorship, we will support you for that.

checklist for Sole Proprietorship

 Certificate of Municipal authorities belong to the shop and its Act.  Registering Authorities license as the Practice certificate is given by the Institute of Charted accountants of India.  From the Central government or State government, get the certificate of registration in the name of Proprietary.  In the concern of Proprietary, the bank can also given the Import Export Code (IEC) by the DGFT office. Which is the identity document to made the bank accounts, etc,  In the name of the sole proprietor, whole the income tax return in which, the firm income is reflected, likewise Income tax authorities was authenticated and acknowledged.  The Electricity bill, Water bill, Telephone bill, those are the utility bill is in the proprietary concern name.  Given the GST certificate/registration.

Required Documents

Identity And Address Proof

Bring the documents given below while registration,

  • Identity and Address proof
  • PAN and KYC documents
  • Rental agreement or sales deed (If registration of Shops and Establishment Act )

Documents to open the current bank account

  • Existence of your business proof
  • Registration of the Shop & Establishment Act
  • PAN
  • Identity & Address proof

WHAT INCLUDES IN THIS PACKAGE?

  • Verification of Documents
  • MSME & GST Registration
  • Dealing with Respective Authorities
  • Following until Certificate is allotted

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SOLE PROPRIETORSHIP REGISTRATION PROCEDURE

Professional Guidance

In all the process of sole proprietorship registration, we will help you with our professionals . You can also use us for the service & sales tax, Import and export code (IEC), professional Tax or shops and establishments Act.

Relationship with Vendor

Our team (established Vendor) will join with you, for you getting the application and to know the status of the registration. We have the experienced and skilled vendors, to governing the native registration.

15 working days

We have number of agents to do the registration. Depends upon the work load, we offer the experienced agents for your registration.

Advantages of Sole Proprietorship registration

Checklist for Registering a Company in India

According to the law in the Company Act, 2003 in order for any company to be registered in India, the below conditions have to be met.

Minimum compliance

PersonalOnly the minimum compliance needed for the sole proprietorship, as they are recognized by the government &TAX registration. Hence, their agreements are conformed to annual filings of service, sales are professional taxes

Start simple

Sole Proprietorship is easy to start, which has only requirement of the GST registration. Can start the business within 15 days with the usage of the PAN card.

Economical

Because of having the minimal compliance, it is economical one, while compared to the One Person Company (OPC). It doesn't required the auditor to audit, it is the main thing, the merchants and small traders to choose that company.

FAQs on Sole Proprietorship

The person, who have the present bank account in his business name, can begin the Sole Proprietorship. May the registration is no need for that. According to the business type, you can planned to start it. Hence, to open a present/current account, bank should need a Shops & Establishments Act.

The registration of Sole proprietorship has taken 5 to 15 days. Because of the simplicity, the merchants and small traders are easily start the business. It is the most used business type in the circle of merchants and small traders.

Number of local business are like the Sole Proprietorships, which includes grocery stores to fast food vendors also small traders &manufacturer. The Sole Proprietorship is not suitable for the large businesses. Jewellery shop is the sole proprietor, but it is not consulted.

Depends upon, what type of business you are doing it. If the Yearly business turnover is above 20 lakhs (10lakhs for the north Eastern states), it is the necessary to get GST Registration, which is suitable for all the businesses. Any business, which includes the selling goods & services to customer. It is compulsory to register below the shops & Establishment Act.

Yes, It is cheaper than Private Limited Company. Because of the minimal compliance, It is an Audit. If you get your favorable turn over, after you can apply for it. The half amount of the Private Limited Company is used in the LLP's in the registered first year compliance work.

The conversion is possible, but it is little harder. It is the common thing, convert into Sole Proprietorship to Private Limited Company and Partnership at some time later in the business.

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